Veterinary Ophthalmic Equipment Sales Are Expected to Reach a Valuation of US$ 739.8 million by 2033

Veterinary Ophthalmic Equipment Market By Product (Diagnostic Devices, Fundus Cameras, Portable ERG Devices), By End User (Veterinary Hospitals, Veterinary Clinics) & By Region - Global Market Insights 2023 to 2033

Global demand for veterinary ophthalmic equipment is valued at US$ 494.3 million in 2023 and is forecasted to increase at 4.1% CAGR from 2023 to 2033. As such, by the end of 2033, the global veterinary ophthalmic equipment market is expected to reach a valuation of US$ 739.8 million.

The rising number of companion animals owing to an increasing number of people requiring mental and physical companionship in their times of loneliness, especially elderly people is slated to benefit market development through 2033. Growing pet ownership around the world is also anticipated to stimulate sales of veterinary ophthalmic equipment over the next ten years.

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Key Takeaways from Fact.MR’s Veterinary Ophthalmic Equipment Study

• By product type, handheld devices are likely to account for the dominant share, spurred by tech advancements in handling and accuracy.
• Small animal applications are posed to receive significant impetus, driven by rapid growth in pet ownership rates.
• Diagnostic veterinary ophthalmic equipment sales will hold the lead through the forecast period, owing to increased spending from veterinary hospitals.
• Veterinary clinics remain major spenders on ophthalmic equipment owing to easier access for animal owners.
• Favorable reimbursement policies to support veterinary ophthalmic equipment sales across the US.
• UK to experience rapid growth owing to growing cases of eye ailments and cost-effective diagnostics.
• China to experience a significant upsurge, amid growing emphasis on the large pet population base.

“Rising awareness of among pet owners about animal health issues including infectious diseases and changes in cultural influences towards humanization of pets are expected to fuel the growth of the veterinary ophthalmic equipment market. Ease of access to medical information and details about professionals over the Internet are factors supporting long-term growth,” says a Fact.MR analyst. 

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Competitive Landscape

Leading veterinary ophthalmic equipment manufacturers are focusing on launching novel products that help advance pet care and help in the treatment of animals affected by ophthalmic conditions.

• In October 2022, Bausch + Lomb Corporation, a renowned name in the eye care industry, announced the launch of Project Watson to create healthcare products for dogs. The new range of products was formulated especially for dogs’ ears, eyes, etc. with high-quality natural ingredients.
• In May 2021, Senju Pharmaceutical Co. Ltd., a leading manufacturer of animal drugs and prescription drugs, announced the launch of new eye drops for feline herpesvirus disease in Japan called ‘IDU Senju (R)’ through DS Pharma Animal Health.

Key Companies Profiled:

• Ocularvision Inc.
• an-vision
• Halma Plc. (Keeler)
• Revenio Group Oyj (Icare Finland Oy)
• Bausch & Lomb Incorporated
• Eidolon Optical LLC
• Guangzhou Yueshen Medical Equipment Co. Ltd.
• Ocularvision Inc.
• Nanjing Redsun Optical Co. Ltd.
• Welch Allyn

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Veterinary Ophthalmic Equipment Industry Research Segmentation

• By Product :
  • Diagnostic Devices
    • Tonometers
      • Applanation Tonometers
      • Rebound Tonometers
    • Fundus Cameras
    • Portable ERG Devices
    • Ophthalmoscopes
    • Slit Lamps
  • Surgical Equipment & Disposables
    • Operating Microscopes
    • Phacoemulsification Devices
    • Ophthalmic Surgical Instruments
    • Bandage Contact Lenses
    • Viscoelastics
    • Intraocular Lenses
• By End User :
  • Veterinary Medical Centers & Colleges
  • Veterinary Hospitals
  • Veterinary Clinics
    • Small Animal Clinics
    • Large Animal Clinics
    • Exotic Animal Clinics

Key Questions Covered in the Veterinary Ophthalmic Equipment Market Report

• What is the projected value of the Veterinary Ophthalmic Equipment factors Industry in 2022?
• At what rate will the global Veterinary Ophthalmic Equipment factors market size grow until 2033?
• Which are the factors hampering the growth of Veterinary Ophthalmic Equipment factors?
• Which region is expected to lead in the global Veterinary Ophthalmic Equipment factors market By 2033?
• Which are the factors driving the Veterinary Ophthalmic Equipment factors Industry during the forecast period?
• What is the expected market value of the Veterinary Ophthalmic Equipment factors market during the forecast period?

Regional Analysis For Veterinary Ophthalmic Equipment Market:

• APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (USA, Canada and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, United Arab Emirates, South Africa)

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